Karachi, September 12, 2023 – The rising concern over inflated electricity prices has brought to light a myriad of duty and taxes, in addition to government charges, that are embedded within electricity bills, impacting the daily lives of consumers. iCouncil, an advisory company specializing in financial analysis and advisory services, has compiled a comprehensive list […]
Karachi, September 14, 2023 – Pakistan has taken a significant step towards curbing cash-based transactions in the real estate sector by introducing penalties for cash payments made during property purchases. This new regulation aims to enhance transparency and combat tax evasion in property transactions. Under this development, sources within the Federal Board of Revenue (FBR) […]
Govt focused on addressing Rs1 trillion revenue leakages. FBR identifies 5 major areas to fill expected revenue shortfall. Transit trade with Afghanistan causes smuggling of $2 to $3bn. ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar has asked the Federal Board of Revenue (FBR) to share its strategy to close the expanding revenue gap and meet the […]
KARACHI: Federal Board of Revenue (FBR) has empowered Commissioner Inland Revenue (IR) to issue assessment order against a return even on the date the return is filed.
KARACHI: To create awareness about the National Financial Literary Program (NFLP) and more specifically, sensitize the masses regarding the on-ground execution, a dedicated NFLP mass media campaign is being launched from January 15, 2019 through print, radio and social media, State Bank of Pakistan (SBP) said on Monday. It is important to mention here […]
ISLAMABAD: Federal Board of Revenue (FBR) has issued updated rate card of withholding tax for Tax Year 2019 incorporating amendments made through Finance Supplementary Act, 2018. Through Finance Supplementary Act, 2018 various provisions related to withholding tax have been amended to Income Tax Ordinance, 2001. The FBR issued guidelines for the taxpayers, tax collectors, withholding […]